Barclays share price improving and other shares?

Brie

Any idea why Barclays share price is going up?  

Is this something across the board or is it just a select few companies?  Likely to change at the end of the tax year?

And, finally, what effect might this have if I was wanting to buy an annuity?  Hopefully it means that the pension pots are larger but maybe the annuities won't be as good?

gravel_2

They announced a £1b buy back starting February which could have something to do with it.

GeoffTF

gravel_2 said:

They announced a £1b buy back starting February which could have something to do with it.

Buy-backs do not increase the share price. The share price remains the same, but it does not fall as it would if the money was returned via a dividend. The share price may go up, however, if the buy-back was unexpected and increased confidence in the company.

Brie

gravel_2 said:

They announced a £1b buy back starting February which could have something to do with it.

Buy back of what?  Shares?

jaypers

I feel that Bank stocks are starting to come back into favour after a very long time in the cold. Good dividends available and a lot of positive vibes on future returns. 

gravel_2

Brie said:

gravel_2 said:

They announced a £1b buy back starting February which could have something to do with it.

Buy back of what?  Shares?

Have you checked with Google?

wmb194

Recently many of the banks in Europe and the US e.g., JPMorgan Chase have been rallying. Good dividends and cash generation is what someone on Bloomberg mentioned today. Today someone else wrote that they think it's gone too far and they're overbought.

coastline

6 month chart of BARC.L and $BKX which is the US  banking sector. BARC is the orange line in the background. Rallying with the sector and both up around 40% recently.

KBW Nasdaq Bank Index, BKX Advanced Chart - (American Stock Exchange) BKX, KBW Nasdaq Bank Index Stock Price - BigCharts.com (marketwatch.com)

Revenue , earnings and dividends all forecast higher. Look at the green bars in the link.

Barclays PLC (BARC:LSE) Share price, analysis, charts, news, dividends, EPS forecasts, annual reports and RNS - Investors Chronicle

Again similar story here where analysts rate the shares a buy.

Barclays PLC: Financial Data Forecasts Estimates and Expectations | BARC | GB0031348658 | MarketScreener

Barclays PLC: Target Price Consensus and Analysts Recommendations | BARC | GB0031348658 | MarketScreener

simonsmithsays

Lloyds Bank are up 13% this month so more of a sector thing?

wmb194

simonsmithsays said:

Lloyds Bank are up 13% this month so more of a sector thing?

Yes, see comments above, plus the market in general.

huw01

Santander shares have hit the £4 mark yesterday, really come up these past few months